ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl

ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl

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Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 14.28 as on 24-05-2024

About the Fund

ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl is a hybrid fund. This fund was started on 31 December, 2019. The fund is managed by Vikrant Mehta. This fund gives you the benefit of diversification.

Key Parameters

  1. ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹353 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.
Fund Performance

Overview

Expense ratio
Expense ratio
0.62%
Benchmark
Benchmark
null
AUM
AUM
₹353 Cr
Inception Date
Inception Date
31 December, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
742.67%

ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (30-Apr-24)

  • Equity 54.8%

  • Debt & Cash 45.2%

Size breakup

Large cap
55.7%
Mid cap
8.2%
Small cap
1.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
33.2%
Industrial
10.7%
Energy
10.2%
Consumer Cyclical
10%
Tech
9.9%
Health
9.2%
Communication
5.8%
Utilities
5.1%
Basic Materials
4%
Consumer Defensive
1.2%
Real Estate
0.6%

Top Holdings of ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on (30-Apr-24)

  • Equity

  • Debt & Cash

Equity Holdings38
Debt Holdings6

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 353.1 Cr
₹ 339.7 Cr
₹ 336.6 Cr
  • AUM of the fund stands at 353.1 Cr as of Apr'24
  • AUM increased by 13.4 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Vikrant Mehta
Vikrant Mehta
Fund Manager of ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 10 February 2022

ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 8.44% since inception which is less than its category average return of 12.14%
Fund Allocations

Fund Allocations

This fund has an allocation of 54.81% in Equity, 10.2% in Debt and 34.99% in Cash related instruments
AUM size ₹353 Cr

AUM size ₹353 Cr

This fund has AUM of ₹353 Cr which is less than its category average of ₹ 8333 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.36%

Frequently Asked Questions

The current NAV of ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl is ₹14.28 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
1.15%
1.15%
6 Month Returns
11.89%
11.89%
1 Year Returns
23.42%
23.42%
3 Years Returns
40.31%
11.95%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.62% as on April 2024
₹353 Cr as on April 2024
Reliance Industries Ltd(5.51%), HDFC Bank Ltd(4.44%), 6.89% Govt Stock 2025(4.24%), Zomato Ltd(3.71%), Infosys Ltd(3.67%) as on April 2024
Cash Equivalent(32.18%), Financial Services(18.17%), Government(8.37%) as on April 2024
AAA
100
Vikrant Mehta is the fund manager of ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl
The Exit load of ITI Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 1%